TRADE WAS CLOSED END OF THE DAY AT 33 CREDIT FOR A GAIN OF $200

FEELING WE POP AGAIN ON MONDAY AND WENT ALMOST ALL CASH AT THE END OF THE DAY.

WILL SHORT AGAIN VIA 1 SPX DEEP ITM PUT MONDAY, OR 10 DEEP ITM SPY PUTS.

THE PLAN IS TO SIMPLY SCALP SOME GAINS BEFORE THE END OF THE DAY, AND GO BACK TO CASH OVERNIGHT.

3DD IS CHANGING ITS STRATEGY TO TRY TO BE AS MUCH CASH OVERNIGHT AS POSSIBLE ANYMORE, AND SIMPLY TRY TO SCALP INTRADAY FOR A WHILE.

REASON BEING, IS BECAUSE THE GAP UP KILLED A GREAT POSITION WE HAD GOING INTO TODAY.

IT WAS THE 1320-50-80 SPX PUT BUTTERFLY BOT AT 4.70 AND AT ITS HEIGHT WAS WORTH 18$ YESTERDAY.

WE HELD OVERNIGHT EXPECTING BAD NEWS ON NFP, BUT NOPE NADA ZILCH HAPPENED. LIVE AND LEARN

***********************************************************************************************************************************************************************************************************************************

TOO FAR TOO FAST, LOOKING FOR A DEEP IN THE MONEY .85 DELTA SCALPER HERE.

Order Details

Action Amount Option Description Price Duration Qualifiers
Buy to Open 1 Contracts SPXW Put SPXW Aug 10 2012 1420.00 Put Limit 31.00 Day None
Est. Trade Value: $3,100.00
Est. Commission: $5.60
Estimated Fee: $0.02
Funds required for this trade: $3,105.62
Quote SPX   1,390.10   25.10 Bid 1,389.87 Ask 1,390.52 Volume 0
SPXW AUG 10 2012 1420 PUT
Bid 30.80
Ask 33.60
Last 31.65
Change -22.70 [-41.77%]
Volume 7
Delta -0.84
Open Int 55
Desc SPXW Aug 10 2012 1420.00 Put
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